JUP news live: Jupiter likely to consolidate between $0.2050 and $0.2500 as downside risk stays high

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Jupiter slips 7.84% today on weakness

Highlights

Coinbase will launch the JUP/USD trading pair on its spot platform on or after December 9th, pending liquidity and regional support.
The JUP listing provides direct access to Jupiter for Coinbase users, expanding exposure to a rapidly growing DeFi protocol ecosystem.
Major exchanges are increasingly listing assets like Jupiter, which is expected to bolster protocol adoption and market access for professional investors.

JUP exposure set to rise as Coinbase initiates new spot listing

Coinbase has announced the launch of the JUP/USD trading pair on its spot platform, with trading scheduled to commence on or after December 9th, pending liquidity and regional support. This listing expands direct access to Jupiter for Coinbase users and follows a broader trend among major exchanges to promote assets from rapidly growing ecosystems. The development is expected to bolster exposure and potential adoption of the Jupiter protocol.

Bearish momentum dominates as JUP tests resistance without clear support

Technically, JUP is facing resistance at the Ichimoku Kijun level ($0.2639), with no clear cloud support above current prices. The asset remains pressured below all major moving averages. Momentum indicators signal continuing bearishness: the MACD flashes a strong sell, ADX shows firm bearish strength, and RSI at 38.7 and CCI at -58 both reflect negative momentum, though not yet oversold. The Stoch RSI, however, indicates an overbought condition divergent from these bearish signals, while Bull/Bear Power is mildly positive and the Awesome Oscillator offers a neutral-to-bearish tone. The price remains near the session’s lows, confined by low to moderate intraday volatility and ongoing selling since the open.

High risk of continued decline as JUP trades near volatility band

For the next five trading days, JUP is expected to move within a $0.2050 – $0.2500 band, reflecting price action within typical volatility for current levels. The probability of another price decrease is very high (above 80%), while odds of a rebound stay low. The baseline scenario is for sideways consolidation between $0.2050 support and $0.2639 resistance (the Kijun level). A close above $0.2500 – $0.2639 could trigger a bullish breakout, while a move below $0.2050 would signal additional downside.

Anton Kharitonov, analyst at Traders Union, sees persistent bearish momentum in JUP despite the Coinbase listing. He notes that the price sits below all major moving averages and remains capped by technical resistance at $0.2639. With momentum and trend indicators firmly negative, the base case is continued sideways or downward action within the $0.2050 – $0.2500 range. "Unless JUP closes decisively above $0.2639, I see little reason to expect a sustained recovery this week."

Last time, analysts noted that Jupiter was trading below major moving averages with persistent downside momentum, as technical indicators such as RSI and MACD indicated sellers' dominance and oversold conditions. The price was expected to continue consolidating sideways below resistance as breakout odds remained low, aligning with the assessment that sellers' dominance and oversold conditions persisted despite minor intraday gains.

Source of Data: JUP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.